Congo Republic PM, cabinet resign amid economic woes

Reuters News
Posted: Aug 17, 2017 10:40 AM

BRAZZAVILLE (Reuters) - Congo Republican Prime Minister Clement Mouamba and his cabinet have resigned, Mouamba said in a statement on Thursday, days after President Denis Sassou Nguesso said he was seeking a new government to deal with the country's economic woes.

Congo Republic's economy has been hit hard by a drop in oil prices since 2014 that has reduced export revenues, increased public debt and raised questions about the country's ability to meet coupon payments for its $363 million Eurobond.

Hold The Damn Vote Already
Derek Hunter

(Reporting By Christian Elion, writing by Edward McAllister, editing by Larry King)